To amend section 5318 of title 31, United States Code, to require financial institutions to verify the lawful immigration status of applicants for deposit accounts through a self-attestation form, to impose penalties on individuals for false attestations, and for other purposes.

# Summary of HR 7842 **What the Bill Would Do:** If passed, HR 7842 would require banks and other financial institutions to verify that people opening deposit accounts are in the United States legally. Rather than institutions conducting their own investigations, applicants would sign a self-attestation form confirming their lawful immigration status. The bill would also create penalties for individuals who knowingly provide false information on these forms. **Who It Affects:** This legislation would impact anyone opening a new bank account, particularly non-citizens and immigrants. It would also affect all financial institutions that accept deposits, which would need to implement new verification procedures and forms.

The bill is sponsored by Rep. Andrew Ogles (R-Tennessee). **Current Status:** HR 7842 is currently in committee and has not yet been voted on by the full House of Representatives. The bill has not advanced to broader consideration at this time.